Takyon Networks Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Takyon Networks Ltd filed with BSE on 01 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Takyon Networks reported H2FY26 consolidated revenue of Rs. 28.97 crore with EBITDA of Rs. 1.61 crore and PAT of Rs. 0.44 crore, while full-year FY26 revenue stood at Rs. 71.05 crore with PAT of Rs. 3.65 crore. Management attributed the H2 slowdown to a global supply chain crisis driven by AI infrastructure demand, which raised IT networking component prices and extended lead times. The company said it prioritized balance sheet preservation over chasing revenue, cutting total liabilities from Rs. 50 crore to Rs. 12.20 crore and reducing trade payables from Rs. 30.21 crore to Rs. 3.77 crore.
Numbers mentioned
Revenue: Rs. 28.97 crores (H2FY26)
p. 2
“the company reported revenue of Rs. 28.97 crores, posted positive EBITDA of Rs. 1.61 crore, delivering an operating margin of 5.32%”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
EBITDA: Rs. 1.61 crore (H2FY26)
p. 2
“the company reported revenue of Rs. 28.97 crores, posted positive EBITDA of Rs. 1.61 crore, delivering an operating margin of 5.32%”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
PAT: Rs. 0.44 crore (H2FY26)
p. 2
“While PAT remained positive at Rs.0.44 crore, and reflecting a margin of 1.44%.For full year FY26, the consolidated revenue stood at 71.05 crores.”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
Revenue: 71.05 crores (FY26)
p. 2
“For full year FY26, the consolidated revenue stood at 71.05 crores.”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
EBITDA: 7.09 crores (FY26)
p. 2
“The operating margin is close to 10%. In absolute numbers, it is 7.09 crores.”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
PAT: 3.65 crore (FY26)
p. 2
“PAT, it's at 3.65 crore, with a margin of a little over 5%.Earnings per share for the full year stood at Rs. 3.29 per share.”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
Earnings per share: Rs. 3.29 per share (FY26)
p. 2
“PAT, it's at 3.65 crore, with a margin of a little over 5%.Earnings per share for the full year stood at Rs. 3.29 per share.”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
Total liabilities: fell from Rs. 50 crores to 12.20 crores (FY26)
p. 2
“Our total liabilities in this period fell sharply from Rs. 50 crores to 12.20 crores.”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
Debt-to-equity ratio: 0.12 (FY26)
p. 2
“Our debt-to-equity ratio is lowest in our peer groups, which stands at just 0.12.”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
Trade payables: reduced from 30.21 crores to 3.77 crores (FY26)
p. 2
“We reduced our trade payables from 30.21 crores to 3.77 crores.”
Mr. Vivek Singh, page 2 of the filed PDF · View the filing
Revenue: 42.08 crores (H1FY26)
p. 2
“We delivered revenue from operations of 42.08 crores in the first half alone .Keeping back of rupees 3.22 crores, and EBITDA margin nearly 13%.”
Mr. Manish Kumar, page 2 of the filed PDF · View the filing
Order book: Rs. 32 crores (as of 31st March 2026)
p. 3
“We now have a confirmed executable order book of Rs. 32 crores.”
Mr. Manish Kumar, page 3 of the filed PDF · View the filing
Fresh orders received: 3.2 crores (last 45 days)
p. 3
“in last, 45 days, we have, received new, fresh orders of 3.2 crores.”
Mr. Vivek Singh, page 3 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue — surpass FY24-25 numbers by close to 15% · FY27
stated conditionally by Mr. Manish Kumar Sharma
p. 4
“We will surpass our FY 24 FY25 numbers by close to 15%.”
Mr. Manish Kumar Sharma, page 4 of the filed PDF · View the filing
EBITDA margin — 11-13% · FY27
stated firmly by Mr. Manish Kumar Sharma
p. 6
“So, for next financial year, our victim margin would be, somewhere around 11-13%.”
Mr. Manish Kumar Sharma, page 6 of the filed PDF · View the filing
Order book billing — 20 to 22 crores · H1 FY27
stated firmly by Mr. Vivek Singh
p. 6
“we are very much sure that close to 20 to 22 crores, we would be able to bill it in FY… first half of thefinancial year 27.”
Mr. Vivek Singh, page 6 of the filed PDF · View the filing
Supply chain normalization — next 3-4 months
stated conditionally by Mr. Manish Kumar Sharma
p. 5
“we are seeing this turbulence for next 3 to 4 months more, and post that, it will get normal.”
Mr. Manish Kumar Sharma, page 5 of the filed PDF · View the filing
Revenue mix (government vs enterprise) — 30% state governments, 40% PSUs, 30% enterprise business · 2-3 years
stated as an aspiration by Mr. Vivek Singh
p. 5
“in 2-3 years, we will try to achieve Like, 30% from…State governments, 40% from PSUs, and remaining 30% from enterprise business.”
Mr. Vivek Singh, page 5 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management declined to give a specific number but said FY27 revenue should meaningfully exceed FY26 and likely surpass FY24-25 levels.
Answered by Mr. Vivek Singh
Asked: Is management providing any guidance for FY27 revenue?
p. 3
“We cannot provide any point-specific revenue, and I want to explain why that is, actually.”
Mr. Vivek Singh, page 3 of the filed PDF · View the filing
Of the Rs. 32 crore order book, about Rs. 12 crore is services and Rs. 20 crore is supply and installation, largely fixed price but with escalated prices already incorporated in bidding.
Answered by Mr. Vivek Singh
Asked: What percentage of the current order book is fixed price?
p. 4
“The remaining 20 crores, which, is kind of supply and installation part. So, I believe, largely because it is of, last year, largely it is of fixed price.”
Mr. Vivek Singh, page 4 of the filed PDF · View the filing
Management said there were no execution failures or order cancellations and attributed the shortfall entirely to price inflation and global supply chain disruption.
Answered by Mr. Manish Kumar Sharma
Asked: How much of the H2 revenue shortfall was due to supply chain issues versus execution failure?
p. 4
“there was not a single order which we have failed to deliver. Just because of our operational efficiency and all.”
Mr. Manish Kumar Sharma, page 4 of the filed PDF · View the filing
Current mix is 85% government (60% state, 40% PSU) and 15% enterprise; management wants to shift toward more PSU and enterprise business.
Answered by Mr. Vivek Singh
Asked: What is the revenue mix between government and non-government business, and target mix in 2-3 years?
p. 5
“our mix was 85% to 15%, 85% to government and 15% to”
Mr. Vivek Singh, page 5 of the filed PDF · View the filing
Management cited OEM and industry feedback suggesting turbulence would ease in 3-4 months as OEMs are now providing firmer delivery timelines.
Answered by Mr. Manish Kumar Sharma
Asked by Tanmay Mehta: What gives management confidence that H2 supply challenges will not recur in FY27?
p. 5
“we are seeing this turbulence for next 3 to 4 months more, and post that, it will get normal.”
Mr. Manish Kumar Sharma, page 5 of the filed PDF · View the filing
Management said a contract simply ended and was rebid, not an order loss, and one Rs. 5 crore order was mutually cancelled with re-entry expected in June.
Answered by Mr. Vivek Singh
Asked: Apart from the Bihar business, were any other orders lost?
p. 5
“one 5 crore order, we didn't lose it, but we, with the good relation with the customer, we managed to, get it, get the, get it canceled.”
Mr. Vivek Singh, page 5 of the filed PDF · View the filing
Management confirmed the current order book is fixed price but that OEM prices were already locked in when orders were placed.
Answered by Mr. Manish Kumar Sharma
Asked: Is the existing Rs. 32 crore order book protected by escalation clauses or still at fixed prices?
p. 6
“we have already placed the order with the OEM, and they have entertained it. I mean, there is no change in that.”
Mr. Manish Kumar Sharma, page 6 of the filed PDF · View the filing
Management guided to an 11-13% EBITDA margin for the full next financial year, while cautioning H1 could still see turbulence.
Answered by Mr. Manish Kumar Sharma
Asked: What is the sustainable EBITDA margin band going forward given H2 margin fell to 5% from 13% in H1?
p. 6
“for the whole year, I can predict that it would be around 11-13%.In between that ranges.”
Mr. Manish Kumar Sharma, page 6 of the filed PDF · View the filing
Management said FY26 is not a baseline and expects a return to growth from a higher base with 15-20% growth expected next year.
Answered by Mr. Manish Kumar Sharma
Asked: Is FY26's lower revenue the new base, or should investors expect a recovery?
p. 7
“It is not a base. That's very clear, it is not a baseline.”
Mr. Manish Kumar Sharma, page 7 of the filed PDF · View the filing
Risks flagged
Component price inflation of 40% to over 300% for IT networking hardware due to AI infrastructure demand
p. 2
“traditional IT networking components, which are likely switches, firewalls, compute hardware, storage, that experienced price inflation of 40% to over 300% even in some components.”
Mr. Manish Kumar, page 2 of the filed PDF · View the filing
Extended component lead times disrupting supply
p. 2
“Component lead time also, which were once predictable to 8 to 12 weeks. Now, that extended to between 9 to 12, 52 weeks for certain critical items.”
Mr. Manish Kumar, page 2 of the filed PDF · View the filing
Government-heavy revenue mix lengthening the working capital cycle
p. 5
“We… Are very much aware that this mix Will this… this mix, lengthens our working capital cycle.”
Mr. Vivek Singh, page 5 of the filed PDF · View the filing
Any further price increases beyond what has been factored in could hit margins on fixed-price orders
p. 4
“any further increase yes, that will definitely hit the margin, but we are very cautious on the new orders.”
Mr. Vivek Singh, page 4 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.